February 16, 2018 / 8:47 AM / 7 months ago

BRIEF-Yes Bank Says Co Has Nil Exposure To Entities Mentioned In Reports Of Fraud In Gems And Jewellery Sector

Feb 16 (Reuters) - Yes Bank Ltd:

* SAYS CO HAS NIL EXPOSURE TO ENTITIES OR AFFILIATES MENTIONED REPORTS OF FRAUD IN GEMS AND JEWELLERY SECTOR

* YES BANK - PROACTIVELY DE-RISKING PORTFOLIO FOR BORROWERS WITH AGGREGATE EXPOSURES IN RANGES 1 BILLION RUPEES-10 BILLION RUPEES & 10 BILLION RUPEES-50 BILLION RUPEES

* SAYS RBI'S REVISED FRAMEWORK FOR RESOLUTION OF STRESSED ASSETS MAY HAVE ONLY MINIMAL IMPACT ON BANK'S PORTFOLIO‍​ Source text - bit.ly/2sCVuiE Further company coverage:

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